Rating Surveillance. The Borrower will retain the Rating Agencies to provide rating surveillance services on any certificates issued in a Securitization. Such rating surveillance will be at the expense of the Borrower in an amount determined by Lender in its reasonable discretion prior to the occurrence of a Securitization, not to exceed a maximum cost of $15,000 per year, and such expense (the "RATING SURVEILLANCE CHARGE") will be paid pursuant to the terms of the Disbursement Agreement.
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Samples: Loan Agreement (Urban Shopping Centers Inc), Loan Agreement (Urban Shopping Centers Inc)
Rating Surveillance. The Borrower will retain the Rating Agencies to provide rating surveillance services on any certificates issued in a Securitization. Such rating surveillance will be at the expense of the Borrower in an amount determined by Lender in its reasonable discretion prior to the occurrence of a Securitization, not to exceed a maximum cost of $15,000 per year, Securitization and such expense (the "RATING SURVEILLANCE CHARGE") will be paid pursuant to the terms of the Disbursement Agreementin monthly installments.
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Rating Surveillance. The Borrower Lender will retain the Rating Agencies to provide rating surveillance services on any certificates issued in a Securitization. Such rating surveillance will be at the expense of the Borrower in an amount determined by Lender in its reasonable discretion prior to the occurrence of a SecuritizationBorrowers, but shall not to exceed a maximum cost one-time charge of $15,000 per year, and such expense 5,000.00 (the "RATING SURVEILLANCE CHARGE") will be paid pursuant to the terms of the Disbursement Agreement).
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Rating Surveillance. The Borrower will retain the Rating Agencies to provide rating surveillance services on any certificates issued in a Securitization. Such rating surveillance will be at the expense of the Borrower in an amount determined by Lender in its reasonable discretion prior to the occurrence of a Securitization, not to exceed a maximum cost of $15,000 25,000 per year, and such expense year (the "RATING SURVEILLANCE CHARGE") will be paid pursuant to the terms of the Disbursement Agreement“Rating Surveillance Charge”).
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